The Financial Services Authority (OJK) launched the Sharia Muamalah Sermon Book to strengthen literacy and inclusion in Sharia finance, particularly in the insurance, guarantees, and pension funds (PPDP) sector (15/12). The launch was held in collaboration with Sharia PPDP industry associations and the Indonesian Mosque Council (DMI).

Mahendra Siregar, Chair of OJK, said the book is designed to connect Sharia values with modern financial practices. “The sermon book is structured to be communicative, contextual, and easy to apply. Mosques can become centers where the community gains both spiritual guidance and knowledge on family protection, risk management, and future financial planning,” he explained.

Addressing Gaps in Sharia Financial Education

Ogi Prastomiyono, Head of OJK’s Insurance, Guarantee, and Pension Fund Supervision, said the book was developed to fill a shortage of educational material on Sharia finance, especially for the PPDP sector. “This book was initiated by PPDP colleagues together with associations to address the scarcity of sermons in the field of Sharia finance, particularly insurance, guarantees, and pension funds,” he said.

He added that by October 2025, Sharia PPDP assets had grown to IDR 70.8 trillion, an increase of 6.21 percent year-on-year, indicating strong public participation in Sharia finance.

Mosques as Hubs for Financial Literacy

Ogi emphasized that mosques play an important role in educating the public on Sharia finance. “The book serves as a practical guide for daily financial management, presented in a simple, moderate, and easy-to-understand format. It is important because the insurance, guarantee, and pension fund industry is growing, and the community needs clear guidance on managing risk and planning for the future in accordance with Sharia principles,” he said.

Dian Ediana Rae, Chair of OJK’s Sharia Financial Development Committee, said the PPDP sector is strategically important for the stability and sustainability of the national Sharia financial system. “Sharia insurance, guarantees, and pension funds are strategic pillars that support the stability, protection, and sustainability of the financial system,” she explained.

Government Support and Collaboration with Industry

Minister of Religious Affairs Nasaruddin Umar also supported the launch and collaboration with DMI. “This book is designed as a tool for literacy and preaching, connecting Sharia values with modern financial practices, especially in insurance, guarantees, and pension funds. Let us make Sharia PPDP literacy an important part of preaching. This is our collective effort to improve the economy of the community through correct understanding,” he said.

At the event, a Memorandum of Understanding (MoU) was signed between DMI, the Indonesian Sharia Insurance Association (AASI), and the Financial Institution Pension Fund Association (ADPLK). The collaboration aims to expand education and distribution of Sharia PPDP products through mosque networks across Indonesia.

Strengthening the Sharia Finance Ecosystem

OJK views the use of mosques as a strategic entry point for increasing awareness about financial protection and future planning. Mahendra Siregar said that the MoU with industry associations represents a concrete step to provide accessible, transparent, and community-oriented Sharia PPDP products. “This cooperation demonstrates efforts to build an inclusive, integrity-based, and sustainable Sharia finance ecosystem, particularly for PPDP,” he said.

PHOTO: OJK

This article was created with AI assistance.